Assess your board's stakeholder engagement maturity across mapping, social licence, ESG integration, and First Nations engagement. Benchmarked against GRI Standards, ASX CGP Principle 3, and AICD stakeholder governance guidance.
Global Reporting Initiative — stakeholder engagement gold standard
ASX CGP
Principle 3 — Act Ethically and Responsibly to all Stakeholders
Survey Evidence: AICD Director Sentiment Index 2026 — social licence and stakeholder expectations ranked in the top 5 board risk themes, with ESG investor pressure increasing across all sectors.
Answer 8 questions to score your board's stakeholder engagement maturity. Results are benchmarked against GRI Standards (stakeholder inclusiveness), ASX Corporate Governance Principles Principle 3, and the AICD Stakeholder Governance Guidance Note.
Question 1 of 8 — Stakeholder Mapping
Does your board have access to a current, comprehensive stakeholder map that identifies material stakeholder groups and their interests?
Question 2 of 8 — Engagement Strategy
Does your organisation have a board-endorsed stakeholder engagement strategy with defined objectives and reporting?
Question 3 of 8 — Social Licence Monitoring
How does your board monitor social licence to operate and community sentiment?
Question 4 of 8 — ESG Reporting
Does your organisation produce ESG or sustainability reporting that addresses stakeholder interests?
Question 5 of 8 — Grievance Mechanism
Does your organisation have an accessible grievance mechanism for affected stakeholders, including the community?
Question 6 of 8 — Investor & Shareholder Engagement
How does your board engage with institutional investors and significant shareholders on ESG and governance matters?
Question 7 of 8 — First Nations Engagement
Does your organisation have a board-endorsed approach to First Nations engagement and, where applicable, free, prior, and informed consent?
Question 8 of 8 — Board-Level Stakeholder Oversight
Does your board formally review stakeholder sentiment and engagement outcomes as a standing agenda item?
Noventum Advisory is analysing your governance posture…
Analysing stakeholder mapping coverage…
Stakeholder Engagement Maturity Report
Overall Governance Maturity Score
42 / 100
Based on your 8-question assessment
DEVELOPING — Material stakeholder engagement gaps identified
Domain Scores
Stakeholder Mapping & Strategy40%
Informal stakeholder understanding exists. No board-reviewed map or board-endorsed engagement strategy in place.
Social Licence Monitoring35%
No formal social licence monitoring. Board made aware reactively. Proactive monitoring is governance best practice.
ESG Disclosure45%
Partial ESG disclosure. Full GRI-aligned reporting absent. Stakeholder and investor expectations are ahead of current disclosure.
Grievance Mechanisms40%
Ad hoc complaints process. No independently overseen, publicly accessible grievance mechanism in place.
Investor Engagement50%
Investor engagement primarily through CEO/CFO. Board-level ESG engagement with institutional investors is best practice.
First Nations Engagement30%
No RAP or formal First Nations engagement approach. Board acknowledgement without action creates reputational and legal risk.
Recommended Governance Frameworks
Immediate
GRI Stakeholder Inclusiveness Standard
Adopt GRI's stakeholder inclusiveness principle: identify stakeholders, understand their interests, respond in your reporting. This is the foundation for credible ESG disclosure.
Conduct a board review of compliance with ASX CGP Principle 3. Develop or refresh your code of conduct and values statement. Ensure stakeholder obligations are embedded in governance documents.
60 Days
Reconciliation Action Plan (RAP) Development
Engage Reconciliation Australia to understand the RAP framework. A Reflect RAP is an appropriate starting point. Board endorsement and executive accountability are essential from day one.
Prioritised Action Roadmap
1
Develop a board-endorsed stakeholder map and engagement strategy
Commission the CEO to develop a comprehensive stakeholder map identifying material stakeholder groups, their interests, and engagement history. Present for board endorsement with an annual review commitment.
⏱ Target: 30 days · Owner: CEO + Board Chair
2
Implement formal social licence monitoring
Establish a social licence monitoring program (community sentiment surveys, media monitoring, stakeholder feedback). Report outcomes to the board quarterly as a standing agenda item.
⏱ Target: 45 days · Owner: CEO + Communications Lead
3
Develop GRI-aligned ESG disclosure
Engage a sustainability advisor to develop your first GRI Standards-aligned ESG report. Prioritise: stakeholder engagement outcomes, environmental performance, social impact, and governance disclosures.
⏱ Target: 90 days · Owner: Board + CEO + CFO
4
Establish an independently overseen grievance mechanism
Design and implement an accessible grievance mechanism for all affected stakeholders. Ensure independence, confidentiality, and timeliness. Report outcomes to the board.
⏱ Target: 60 days · Owner: CEO + General Counsel
5
Commence a Reconciliation Action Plan
Initiate the RAP process with Reconciliation Australia. Begin with a Reflect RAP: learn, build relationships, and commit to meaningful First Nations engagement. Board endorsement is essential.
⏱ Target: 90 days · Owner: Board Chair + CEO
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